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<br />... 103455 89--� 102888
<br />UNIFORM CbvtaN NTS Borrower and Lender covenant and agree as follows:
<br />I, payaseM out pria*d aad InMrsat Prepaymat sad lane ),'Merges. Borrower shall promptly pay when due
<br />the principal of ate! interest on the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br />2. Famb 1w Taxis ad iaseriism Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly payments are due tinder the Note, until the Note is paid in full, a sum ( "Funds ") equal to
<br />ane•twd th of: (a) yearly taxes and assessments which may attain priority over this Security Instrument; (b) yearly
<br />ieaadioid payments or ground rents on the property, if any; 10 yearly hazard insurance premiums; and (d) yearly
<br />mortgage insurance premiums, if any. These item are called "escrow items." Lender may estimate the Funds due on the
<br />basin of current data sad reasonable eatiawtes of ilrtusre escrow items.
<br />The Funds shall be hold in an institution the deposits or accounts of which are insured or guaranteed by a federal or
<br />state agency (incintiing Lander id Lender is such an inatitution). Leader shall apply the Funds to pay the escrow items.
<br />Lender tray not charge for holdileS and applying the Funds, analysing the account or verifying the escrow itemu unless
<br />i pays Borrower interest on the Funds and applicable taw permits Lender to make such a charge. Borrower and
<br />Lender may agree in writing that intereatt shall be paid on the Funds. Unless an agreement is made or applicable law
<br />requires interest to be pale!. Lender stint! not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />mwer. cha rge, as snunttl accounting ofthe Funds showing credits and debits to the Funds and the
<br />ach debit to the Funds was made.'Iite Funds are pledged as additional security for the sums secured by
<br />this Socurity Imttument.
<br />if the amount of the Funds held by Lender. together with the future monthly payments of Funds payable prior to
<br />the due data of the escrow item shall exceed the amount required to pay the escrow items when due, the excess shall be.
<br />at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. If the
<br />at scum of the Funds held by lender is not sullkient to pay the escrow items when due. Borrower shall pay to Lender any
<br />amount necessary to snake up the deolciency is oats or mate payments as required by Lender.
<br />Upon payment in full of all sutras secured bar this Security Instrument,. Lender shWl promptly refund to Borrower
<br />any Funds held by Lender. If under paragraph IS 11tie Property is sold or acquired by Leader, Lender shall apply, no later
<br />than immediately prior to the sale of the Property Or its acquisition by L ndar., any Funds held by Lender at the time of
<br />application n a credit against the sums secured by this Security Instrument.
<br />3. AMileades of Paytaa■h. Unless applicable law provides otherwise, all payments received by Lender under
<br />paragraphs 1 and 2 shall be applied: Atli. to late charges due under the Now, second. to prepayment charges due under the
<br />Note; third, to amounts payable under pa»Agraph 2 frwrth, to interest due; and last, to principal due.
<br />4. Chere s; Liar. t3c.;owe t shall pay x11, taxes, aua+m"nM charges. Ana and impositions. attributable to that
<br />ph)peny which may attain priority over this Swurity Instrument, and leasehold payments or .gmwid rents, if any.
<br />Borrower spat! pay these oblrptinaaj• in. the manner provided in paragraph 2, or if not paid in that manner. Borroxt a shall
<br />pay tbm a n time directly to the pttra►e •erred payment. Borrotsi tall promptly furnM W Lender all notices of r -Len er
<br />to be paid under this parsVVh.' tit I)anower makes these payments directly, Borrower shall prompdy furnish to i ender
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless &mower: (a)
<br />agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender, (b) contests in good
<br />A "wE l"m by. aY. der � :y on: �f � t of the lim in; lets! proceedings which in, t)te L,endec's opinion operate t0
<br />preveant the eanforcemea,t of the lien or forfeiture of any part of the Property; or (c) secures from the holder of the lien an
<br />agreement satisfactory to Lender subordinating the lien to this Security instrument. if Lender determines that any part of
<br />the Property is subject to a lien which may attain priority over this Security Instrument. lender may gave Borrower a
<br />notice identifying the lien. Borrower" satisfy the lien or take one or more of the actions set forth above within 10 days
<br />of the givitaggif ttexioe.
<br />S. spinner Iawraaoe. ltrruz'ver shall keep the improvements now expsting or ixereafter erected on the Property
<br />insured against loss by Sir`„ hazards included within the term "extended cock ^" and any other hazards for which Lender
<br />requires insurance. This insursom stutU be maintained in the amounts and for the periods thxt L:etader requires. The
<br />insurance carrier providing the insuntwe shall be chosen by borrower subject to leader's approval which shall not be
<br />unreason" withheld.
<br />All insurance policies and termwals shall be acceptable to Lender and shall include a standard mortgage clause.
<br />Leader shall have the right to hold the policies and renewals. it Lender requires. Borrower shall promptly give to Lender
<br />all receipts of paid premiums and renewal notices. In the event of toss. Borrower shall give prompt notice to the insurance
<br />carrier and Lander. Lender may make proof of loss if not made promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or rePsir
<br />of the Property damaged, if the r'estmtion or repair is economically feasible and Lender's security is not lessened. If the
<br />ratorstion or repair is not economically fusible or Lender's security wowid be lessened, the insurance proceeds shall be
<br />applied to the sums secured by this Security Instrument, whether or not then due, with any excess paid to Borrower. If
<br />Bom'Aw abandons the Property. or dm not answer within 30 days a notice from Lender that the insurance carrier has
<br />olered to settle a claim. then Lender may collar the insurance proceeds. Lender may use the proceeds to repair or restore
<br />the property or to pay sums secured by this socunty Instrument, whether or not then due. The 304ay period will begin
<br />street the incised is given.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly Payments referred to in paragraphs 1 and 2 or change the amount of the payments. If
<br />under pamV&ph 19 the Property is acquired by Lender. Borrower's right to any insurance policies and proceeds resulting
<br />from damage to the Property prior to the Acquisition shall pass to Lender to the extent of the sums secured by this Security
<br />Instrument immediately prior to the acquisition.
<br />4,. praaanyiaa ad MaiMeaaaee of pf"orty; LMNlrsida. Borrower shall not destroy, damage or substantially
<br />change the Property, allow the Property to deteriorate or commit waste. if this Security Instrument is on a leasehold,
<br />Borrower shall comply with the provisions of the lease. and if Borrower acquires fee title to the Properly. the leasehold and
<br />rice title s63 ►',a: ratric ;sn' s Lrctder s eels so t!x to gee ire writirtg.
<br />7. Proseetim err hakes RON is me Property: Montego Iewrame. If Borrower fails to perform the
<br />covenants and agreements contained in this Security Instrument, or there is a legal proceeding that may significantly affect
<br />Lender's rights in the Property (such as a proceeding in bankruptcy. probate. for condemnation or to enforce I&WS or
<br />regulations). then !,ender may do and pay for whamet is necessary to protect the value of the Property and Lender's rights
<br />in the Property Lender's actions may include paying any sdms secured by a lien which has pnonty over this Security
<br />h P t k re tr4 Althourgh
<br />instrument, appearing to court, paying reasonle attorneys fees and entering on t e roputy a ma a &M .
<br />Lender may rake act arm under this paragraph 7, Lender does not hai-e to do so.
<br />Any emounudrctntrsed by Lender under this paragraph 7 shall become additional dcht of tinrrv%cr %&tired by this
<br />S_—..R.tF lrttr��r.'"!tt ltnlK- Rc,rrcwrrr hint t ruder spree to r,ther terms of payrncnt. these anusunts %hall hear urtcre.t frotrr
<br />the date et dr.bursemcnt at the Note rare and .hall he paiyable, with rnterco. upon nnmcc from 1 curter t,+ IMrroWer
<br />requetitmgt7symcnt
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